PANews reported on June 11 that according to on-chain analyst Yu Jin’s monitoring, an ENA whale withdrew a total of 23.239 million ENA (about 30 million US dollars) from Binance between April 10 and April 15, at an average price of $1.29. He then deposited them into Ethena for staking. 30 minutes ago, he redeemed all of these ENA from Ethena, and then transferred 8.34 million ENA (about 6.19 million US dollars) to Binance, probably preparing to leave.
Based on the current ENA price of $0.74, his loss on these ENAs is as high as $12.78 million (-43%).
